On Giving Away E-Books: How Much is “Free” Worth?
One question I get asked frequently, mostly by other writers, is “Is it worth it to give an ebook away for free?"
t sounds so counter-intuitive to say that the way to sell books is to give them away to as many people as you can, and yet I have to say, the answer is, for an unknown author, yes, it's definitely worth it.
There are several factors that influence the success of a giveaway as a tool to sell books. The first is what platform are you giving your book away on? If you post a book on your blog and allow folks to download it for free, that will help you get readers only if your blog already has a ton of followers; and if you post it in Mobi or epub format, you will only get readers who also know how to side-load a book to their ereader. Putting the book somewhere that people go to find books is a much better plan. Smashwords makes it really easy to make a book free, and Apple iBooks and Barnes & Noble Nook will price match that, so you get more bang for your non-buck than you would just from Smashwords. Sony used to price-match, but it doesn't look they they're still doing that. Generally speaking, the Kindle store will usually yield the best numbers, in terms of a giveaway, but even with a book being free in the Kindle store, you need to advertise it, especially because unlike Smashwords, Amazon doesn't make it easy. You can only make a Kindle book free if it's in the KDP Select program (which means it only be sold as an ebook through the Kindle store), and it can be free only five days out of 90.
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